Redtape

What is the bonus history of the Redtape?

Redtape has announced a bonus issue at a ratio of 3:1, with both the record date and ex-date set for February 4, 2025, meaning shareholders will receive three additional shares for every one share held.

Redtape has a recent bonus issue announced at a ratio of 3:1, with both the record date and ex-date set for February 4, 2025. This means that for every one share held, shareholders will receive three additional shares. If you have any more questions about Redtape or its financial activities, feel free to ask!

Has Redtape declared dividend?

Redtape Ltd has declared a 100% dividend, with an ex-date of January 3, 2025. However, the dividend yield is 0%, and the company has shown significant negative price returns over the past 6 months and year, with no growth in total returns over longer periods.

Redtape Ltd has declared a 100% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 100%<BR>- Ex-date: 03 Jan 25<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, Redtape experienced a price return of -35.41%, with no dividend return, resulting in a total return of -35.41%.<BR><BR>Over the past year, the price return was -31.46%, and with no dividend return, the total return was -31.46%.<BR><BR>For the 2-year period, there was no price return or dividend return, leading to a total return of 0.0%.<BR><BR>In the 3-year period, Redtape had a price return of 0% and no dividend return, resulting in a total return of 0.0%.<BR><BR>For the 4-year period, the price return was 0%, and there was no dividend return, resulting in a total return of 0.0%.<BR><BR>In the last 5 years, there was a price return of 0% and no dividend return, leading to a total return of 0.0%.<BR><BR>Overall, while Redtape has declared a dividend, the dividend yield remains at 0%, and the total returns over various periods indicate significant negative performance in the short term, with no growth over the longer term.

Who are the peers of the Redtape?

Redtape's peers include Metro Brands, Bata India, Relaxo Footwear, Campus Activewear, Liberty Shoes, Sreeleathers, Khadim India, and Lehar Footwears. In terms of management risk, growth, and capital structure, Redtape shows average performance compared to its peers, with a 1-year return of -23.55%.

Peers: The peers of Redtape are Metro Brands, Bata India, Relaxo Footwear, Campus Activewe., Liberty Shoes, Sreeleathers, Khadim India, and Lehar Footwears.<BR><BR>Quality Snapshot: Excellent management risk is observed at Metro Brands, Bata India, Relaxo Footwear, Campus Activewe., and Redtape, while Average management risk is found at Liberty Shoes and Lehar Footwears, and Below Average management risk is noted at Sreeleathers and Khadim India. Growth is Excellent at Redtape, Good at Relaxo Footwear and Lehar Footwears, Below Average at Metro Brands, Bata India, Campus Activewe., Liberty Shoes, Sreeleathers, and Khadim India, and Average at Khadim India. Capital Structure is Excellent at Relaxo Footwear and Sreeleathers, Good at Metro Brands, Bata India, and Campus Activewe., Average at Redtape, and Below Average at Liberty Shoes and Khadim India.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lehar Footwears at 32.01%, while the lowest is Relaxo Footwear at -40.69%. Redtape's 1-year return is -23.55%, which is higher than Relaxo Footwear's but lower than Lehar Footwears. Additionally, the six-month return is negative for Relaxo Footwear, Liberty Shoes, Sreeleathers, and Redtape.

Who are in the management team of Redtape?

As of March 2023, the management team of Redtape includes Rashid Ahmed Mirza (Chairman), Shuja Mirza (Managing Director), Arvind Verma and Sunanda Singh (Whole-time Directors), along with several Independent and Non-Executive Directors. Each member contributes to the company's governance and operations.

As of March 2023, the management team of Redtape includes the following individuals:<BR><BR>1. Rashid Ahmed Mirza - Chairman (Non-Executive)<BR>2. Shuja Mirza - Managing Director<BR>3. Arvind Verma - Whole-time Director<BR>4. Subhash Sapra - Independent Director<BR>5. Sanjay Bhalla - Non-Executive Director<BR>6. Yashvir Singh - Independent Director<BR>7. Rajshree Saxena - Independent Director<BR>8. Sunanda Singh - Whole-time Director<BR>9. Akhilendra Bahadur Singh - Company Secretary & Compliance Officer<BR><BR>Each member plays a crucial role in the governance and operational oversight of the company.

What does Redtape do?

Redtape Ltd designs, manufactures, and retails leather footwear, sports shoes, garments, and accessories, operating as a mid-cap company with a market cap of INR 7,720 Cr. As of March 2025, it reported net sales of 5,052 Cr and a net profit of 415 Cr.

Overview:<BR>Redtape Ltd is a company engaged in the design, development, manufacturing, marketing, trading, export, and retailing of leather footwear, sports shoes, garments, leather goods, and accessories, operating within the footwear industry and classified as a mid-cap company.<BR><BR>History:<BR>Redtape Ltd was incorporated on December 8, 2021, as a wholly owned subsidiary of Mirza International Limited. The latest quarterly results reported are for March 2025, showcasing the company's performance in terms of sales and profit.<BR><BR>Financial Snapshot:<BR>Net Sales: 5,052 Cr (Quarterly Results - Mar 2025)<BR>Net Profit: 415 Cr (Quarterly Results - Mar 2025)<BR>Market Cap: INR 7,720 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 45.00<BR>Industry P/E: 69<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.90<BR>Return on Equity: 21.58%<BR>Price to Book: 9.73<BR><BR>Contact Details:<BR>Details: No Company Details Available<BR>Registrar Address: Not available.

Who are the top shareholders of the Redtape?

The top shareholders of Redtape include Shuja Mirza with 35.79%, mutual funds at 10.22%, foreign institutional investors at 3.52%, and individual investors holding 10.74%. The largest public shareholder is the ICICI Prudential Long Term Wealth Enhancement Fund with 5.96%.

The top shareholders of Redtape include the promoters, who hold a majority stake in the company. The promoter with the highest holding is Shuja Mirza, owning 35.79% of the shares. Additionally, mutual funds hold 10.22% of the company through 10 different schemes, while foreign institutional investors (FIIs) account for 3.52% through 71 different entities. The highest public shareholder is the ICICI Prudential Long Term Wealth Enhancement Fund, which holds 5.96%. Individual investors collectively own 10.74% of the shares.

How big is Redtape?

As of 24th July, Redtape Ltd has a market capitalization of 7,206.00 Cr, with recent net sales of 2023.98 Cr and a net profit of 170.25 Cr. The latest balance sheet shows shareholder's funds of 648.43 Cr and total assets of 1,588.37 Cr.

As of 24th July, Redtape Ltd has a market capitalization of 7,206.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Redtape reported Net Sales of 2023.98 Cr and a Net Profit of 170.25 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 648.43 Cr and Total Assets of 1,588.37 Cr.

Is Redtape overvalued or undervalued?

As of September 26, 2025, Redtape is considered overvalued with a PE ratio of 45.48 and a valuation grade of "expensive," reflecting a significant year-to-date decline of 32.89% compared to a 2.93% gain in the Sensex, despite higher valuations of peers like Metro Brands and Bata India.

As of 26 September 2025, Redtape's valuation grade has moved from very expensive to expensive, indicating a shift in market perception. The company is currently considered overvalued, with a PE ratio of 45.48, a Price to Book Value of 10.27, and an EV to EBITDA ratio of 25.35. These ratios suggest that Redtape is trading at a premium compared to its earnings and book value.<BR><BR>In comparison to its peers, Redtape's valuation appears high; for instance, Metro Brands has a PE ratio of 92.86, while Bata India stands at 68.36, both indicating higher valuations but in a different context. Additionally, V-Guard Industries and Campus Activewear are considered attractive with PE ratios of 55.65 and 68.41, respectively. The recent stock performance shows a significant decline of 32.89% year-to-date, contrasting with a modest 2.93% gain in the Sensex, reinforcing the notion that Redtape may be overvalued in the current market environment.

How has been the historical performance of Redtape?

Redtape has shown significant growth in net sales, increasing from 303.22 Cr in Mar'22 to 2,020.91 Cr in Mar'25, with operating profit rising from 47.22 Cr to 367.29 Cr in the same period. However, profit after tax slightly declined from 176.24 Cr in Mar'24 to 170.00 Cr in Mar'25, and cash flow from operating activities decreased notably.

Answer:<BR>The historical performance of Redtape shows significant growth over the years, particularly in net sales and profit metrics.<BR><BR>Breakdown:<BR>Redtape's net sales have increased from 303.22 Cr in Mar'22 to 2,020.91 Cr in Mar'25, reflecting a strong upward trend. Total operating income followed a similar trajectory, rising from 303.22 Cr in Mar'22 to 2,020.91 Cr in Mar'25. The company's total expenditure, excluding depreciation, also grew substantially from 256.06 Cr in Mar'22 to 1,685.64 Cr in Mar'25. Operating profit (PBDIT) has shown consistent growth, increasing from 47.22 Cr in Mar'22 to 367.29 Cr in Mar'25. However, profit before tax peaked at 236.24 Cr in Mar'24 before slightly declining to 232.92 Cr in Mar'25. Profit after tax reached 170.00 Cr in Mar'25, down from 176.24 Cr in Mar'24, but still significantly higher than the 29.04 Cr reported in Mar'22. The company's total assets have also expanded, growing from 825.54 Cr in Mar'22 to 2,224.10 Cr in Mar'25, while total liabilities increased from 825.54 Cr to 2,224.10 Cr in the same period. Cash flow from operating activities has decreased from 126.00 Cr in Mar'23 to 4.00 Cr in Mar'25, indicating a decline in cash generation efficiency. Overall, Redtape has demonstrated robust growth in sales and profitability, despite some fluctuations in profit margins and cash flow.

Is Redtape technically bullish or bearish?

As of November 21, 2025, Redtape's technical trend has shifted to a bearish stance with moderate strength, indicated by bearish MACD, moving averages, and Bollinger Bands, alongside a mildly bearish outlook from Dow Theory and On-Balance Volume.

As of 21 November 2025, the technical trend for Redtape has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the weekly MACD being bearish, daily moving averages indicating a bearish trend, and both weekly and monthly Bollinger Bands also signaling bearish conditions. The Dow Theory shows a mildly bearish stance on the weekly chart, while the On-Balance Volume (OBV) reflects a mildly bearish position as well. Overall, the combination of these indicators suggests a negative outlook for the stock in the near term.

When is the next results date for Redtape Ltd?

The next results date for Redtape Ltd is 12 February 2026.

The next results date for Redtape Ltd is scheduled for 12 February 2026.

Are Redtape Ltd latest results good or bad?

Redtape Ltd's latest results are strong, with a 43.05% year-on-year net profit increase and significant revenue growth. However, concerns about high valuations may warrant caution for investors.

Redtape Ltd's latest results for the December quarter are quite strong, showcasing significant growth and operational efficiency. The company reported a net profit of ₹104.53 crores, which is a remarkable 43.05% increase year-on-year, and a staggering 279.56% increase compared to the previous quarter. Revenue also saw impressive growth, reaching ₹786.55 crores, up 18.98% year-on-year and 59.74% quarter-on-quarter.<BR><BR>The operating margin improved to 21.69%, reflecting a solid expansion of 275 basis points year-on-year, indicating that the company is effectively managing its costs while capitalizing on seasonal demand during the festive period. Additionally, the return on equity (ROE) stands at a robust 21.73%, underscoring strong capital efficiency.<BR><BR>However, despite these positive results, there are concerns regarding the company's elevated valuations, with a P/E ratio of 40 times trailing earnings and a high price-to-book value of 8.33 times. This raises questions about the sustainability of such valuations in the long term.<BR><BR>In summary, while Redtape's latest results are good in terms of growth and operational performance, the market's perception of its valuation presents a more cautious outlook. Investors should weigh these strong fundamentals against the potential risks associated with high valuations and leverage.

Should I buy, sell or hold Redtape Ltd?

Why is Redtape Ltd falling/rising?

As of 05-May, Redtape Ltd's stock price is at 126.00, down 0.87% and has declined 2.92% over the last three days due to reduced investor participation and underperformance against its sector. Despite a monthly gain of 10.62%, the stock's year-to-date performance is modest at 1.78%, with negative market sentiment contributing to its recent downturn.

As of 05-May, Redtape Ltd's stock price is currently at 126.00, reflecting a decline of 1.1 points or 0.87%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decrease of 2.92% during this period. This recent downturn is compounded by a significant drop in investor participation, with delivery volume on 04 May decreasing by 45.05% compared to the 5-day average. <BR><BR>In terms of performance relative to the market, Redtape Ltd has underperformed its sector today by 1.19%. Over the past week, the stock has declined by 2.85%, while the benchmark Sensex has seen a slight increase of 0.17%. Although the stock has shown some positive performance over the past month with a gain of 10.62%, its year-to-date performance is modest at 1.78%, especially when compared to the Sensex, which has dropped by 9.63% year-to-date.<BR><BR>Despite some positive factors, such as high management efficiency indicated by a return on capital employed (ROCE) of 16.63% and improved financial results in December 2025 after three negative quarters, the current market sentiment appears to be negative. The stock's moving averages indicate that it is performing lower than the 5-day and 200-day moving averages, which may also contribute to the downward pressure on its price. Overall, the combination of recent price declines, reduced trading volume, and underperformance against the sector are key factors contributing to the current fall in Redtape Ltd's stock price.

Which are the latest news on Redtape?